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Mar 14, 2014· These are surface mining and underground mining (sub surface mining). Iron ore is almost exclusively mined by surface operations. The most predominant surface mining methods used for mining of iron ores are open pit mining methods and open cut mining methods. However a few underground iron ore mines are also in operation around the globe.
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By some estimates, the cost of transporting materials in surface mining pits is over 50% of the total operating cost of the mine.
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Sep 17, 2015· As a result, a number of highcost iron ore mines have been closed and suspended throughout the world in 2014, with up to 30% of lowgrade iron mines shut down in China in 2014 alone.